![](https://investorshub.advfn.com/uicon/61596.png?cb=1666193909)
Saturday, July 11, 2020 9:07:08 AM
I agree with your conclusion that it is in Director Calabria’s best interest to settle the net worth sweep cases (to keep Collins from being decided by SCOTUS), but Mnuchin and Treasury are the ones who can be accused of giving up the government’s rights to the net worth sweep proceeds–which the companies now are being allowed to retain, up to limits of $22 billion for Fannie and $17 billion for Freddie–and also relinquishing its liquidation preferences in them, “for nothing.” I wonder how much of a stumbling block that’s going to be, as we get closer to the election.
*********************************************************************
David - JULY 10, 2020 AT 5:44 PM
Who would be the settling parties?This has been going on for so long, why settle when the tide seems to be favoring Plaintiffs or are the shareholders not a part of the settlement.
***********************************************************************
BIGe - JULY 10, 2020 AT 6:34 PM
Another way to think about the lawsuits, I believe, is if the shareholders lose in the suits then absolutely no way will anyone invest in the recapitalized companies..
***********************************************************************
ruleoflawguy - JULY 10, 2020 AT 7:00 PM
@BIGe
agreed. fhfa, and treasury if former acting fhfa director otting is to be believed, are “on board” to recap the companies, so i) the senior pref must go, and ii) no way any common can be raised with the treasury warrant overhang if, in addition, treasury insists on getting something for giving up the senior pref. I believe this statement is irrefutable. now, is it possible that calabria and mnuchin are out of their element and are proceeding upon a massive fool’s errand? yes. but hopefully not likely.
rolg
FEATURED ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM